INVESTMENT MIX AND INVESTMENT RETURNS FOR WITH PROFITS POLICIES

Transcription

1 INVESTMENT MIX AND INVESTMENT RETURNS FOR WITH PROFITS POLICIES This leaflet shows the investment mix and investment returns for with profits policies in the following sub-funds of the Royal London Long Term Fund: RL open fund UFOB sub-fund UFIB sub-fund RAIB sub-fund. Until late 2009 we managed all the sub-funds in the Royal London Long Term Fund in the same way. They shared the same and all policies received the same investment return. The return didn t depend on which sub-fund a policy was in, or how long it had left until its pension. Since late 2009 the investment mix and investment return of each policy varies according to which sub-fund the policy is in. Each sub-fund has its own, which generate a separate investment return for the policies in it. The investment mix and investment return of most policies also varies according to how long the policy has left until its or pension. This does not apply to the following: Regular premium pension policies taken out with Refuge Assurance before 1 October All single premium pension policies taken out with Refuge Assurance. Regular premium pension policies taken out with United Friendly and made paid up before 1 January If your policy has been paid up, it means that you can t pay any more contributions into it. Since January 2010 these policies have been invested entirely in government, and cash. This is because the policy guarantees are so far above the policy values, these policies effectively behave more like non profit policies. Given that interest rates are at all-time low levels and many of the policies remaining in each sub-fund don t have fixed marurity s, we are considering changes to the current investment strategy. If we decide to change the strategy, we will introduce any changes gradually and keep you informed. You can find out which sub-fund your policy is invested in by looking at the Your with profits policy leaflet that we sent you with your last yearly statement. You cannot switch from one sub-fund to an. Page 1 of 6

2 RL open fund and RL open fund. pension invested in company invested in government, and cash has left until its pension. profits policies in the RL open fund charges) on backing the asset of with profits policies in the RL open fund. pension has left until its pension. policies in the RL open fund. Page 2 of 6

3 UFOB sub-fund and UFOB sub-fund. pension invested in company invested in government, and cash has left until its pension. profits policies in the UFOB sub-fund charges) on backing the asset of with profits policies in the UFOB sub-fund. pension has left until its pension. policies in the UFOB sub-fund. Page 3 of 6

4 UFIB sub-fund and UFIB sub-fund. invested in company invested in government, and cash has left until its. profits policies in the UFIB sub-fund charges) on backing the asset of with profits policies in the UFIB sub-fund has left until its. policies in the UFIB sub-fund. Page 4 of 6

5 RAIB sub-fund and RAIB sub-fund. invested in company invested in government, and cash has left until its. profits policies in the RAIB sub-fund charges) on backing the asset of with profits policies in the RAIB sub-fund has left until its. policies in the RAIB sub-fund. Page 5 of 6

6 If you would like a copy of this document in large print, please call us on Royal London Royal London House, Alderley Road, Wilmslow, SK9 1PF royallondon.com The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. It provides life assurance and pensions and is a member of the Association of British Insurers and the Association of Financial Mutuals. Page 6 of 6